With low exchange charges. Transfer From Okx To Binance … With an account at, you can easily buy crypto using a card, bank account, or mobile wallet. When participating in staking or conserving functions, it also uses incredibly high yields in some cases.
was founded in 2017 and keeps a headquarters in Seychelles, with additional offices worldwide. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange worldwide by volume.
The website declares over 20 million users in more than 100 countries. They do not take users from the United States due to regulatory and compliance concerns.
You can create an account that offers you access to trade 343 area currencies if you’re in an area that works with OKX.
likewise supports margin borrowing, making cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced products, such as mining pools and its own blockchain, called OKExChain. might work as an exchange you use in addition to a third-party cryptocurrency wallet or your main location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s insufficient space to list them all in our OKX evaluation. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
breaks currencies down into different prices tiers that differ based upon trade volume and account holdings. For spot trades, the most you will pay is 0.10%. High-volume traders and those with a large holding in the OKB currency may receive discounts. Futures, options, and swaps have their own rate schedules with varying fees.
One big disadvantage of is that it doesn’t disclose fees for withdrawals and deposits. While much of is transparent, covert cost information are a red flag that might send you to another exchange with transparent fee schedules.
Cryptocurrency deals are generally one-way and can’t be reversed, so always double-check deal information prior to proceeding. You likely won’t recover any funds if you inadvertently send out funds to the wrong wallet address.
Cryptocurrency exchanges have some distinct security concerns you don’t normally face with traditional banking platforms. The finest practices for keeping your financial accounts safe are comparable. These consist of using strong passwords special to every website and app together with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including freezer for the majority of customer possessions. It also has offers extra features like the capability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anyone beyond the United States. If you’ve ever signed up for another cryptocurrency exchange or stock exchange brokerage account, you will discover a familiar experience at OKX.
wished to purchase apecoin at this level put our stop loss down at this level meaning that if we’re wrong and it continues moving down we’re offering our position which we want to take earnings at this level what we want to do is find the distinction in between these worths and that’s going to offer us.057 then we’re going to take the dollar quantity danger we wish to risk per trade which in this case is 10 dollars and we’re going to divide it by the Transfer From Okx To Binance
distinction between the stop and the entry fine and that’s going to offer us the quantity of tokens that we require to buy in order to risk just ten dollars alright if we’re simply going in with 250 coins or a thousand coins we’re never ever going to have the ability to dial in our risk reward and you’re going to definitely screw yourself so ensure that you’re not doing that you need to have actually that set dollar amount all right so that implies that in order to find the capital requirement or the quantity of cash that we need for this trade we need to take the quantity of coins and increase it by the entry price which is this level here okay so in this case we’re going to take 175 coins multiplied by 3.35 which’s going to offer us 587 dollars then we require to be able to enter this position when we’re utilizing utilize the only thing it’s altering is how much cash we personally need to put into the trade so if I have a hundred dollar account and I use a 100x take advantage of that means now I have 10 thousand dollars to use okay since if we just had a hundred dollar account all right this 587 is already 5x the size of our money worth of our account that makes it impossible all right so let’s visit buy bit here let’s state we wish to take this ape trade here all right we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now enjoy what takes place when we open up our take advantage of all right and you’re gon na get this warning that the liquidation is high all right as long as you’re quantifying you’re entering your exit and you’re running the risk of that ten dollars you are safe and you’re doing the ideal thing fine so now just thing that we need to utilize for this position is twelve dollars which is 12 of our whole account all right so this take advantage of ability is altering absolutely nothing about the danger profile on the trade all right if you intend on trading anyways use the referral Link in the description all right every week we do a giveaway where anybody trading with 50k volume or higher is
going to be automatically entered to win a hundred dollars each week we’re picking three winners a week alright we’re trying to offer the charges that we’re gathering from the affiliate program back into the community for you people trading with us link is listed below you can have a look at our Discord where we reveal the winners all right before we hop into the trading system that you can use to begin taking these trades I wish to review the guidelines that I would suggest using when growing a small account fine so the first rule is begin with the dollar quantity danger per trade 10 of starting balance on a hundred dollar account usage that ten dollar risk all right each time you double the account so when you go to 100 approximately 200 alright you want to move that as much as the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar quantity and utilize that there till we scale our account up a little bit larger the 3rd thing and this is very essential is everyone has a mental limit when it comes to just how much money they’re comfortable running the risk of if I’m taking a look at losing 500 like this 500 500 where I lose three sell a row I don’t care who you are or what the math says you’re going to start feeling a bit emotional about the trades which’s something that you really wish to prevent up until you come comfortable doing that all right so say you work your way approximately 200 to 500 to a thousand all right and after that ten percent of a thousand is a hundred dollars per trade which’s too much for you fine you can walk that back down to fifty dollars per trade choice that fixed quantity when you wish to maintain your capital and simply pick a goal each day on
the money that you wish to make once you get up to a comfy threshold where it’s fitting your earnings objectives so for me personally you know I like to make 3 that three to five thousand dollars each week so I’m utilizing you understand about 2.5 percent of my whole account balance right around twenty thousand dollars that I keep in my account and then I’ll increase it you understand a couple years from now move up to a thousand try to make three to 5 thousand per trade and attempt to double my income all right so let’s get into the bread and butter of the real trading this is a system that I’ve been trading the markets with for the past couple months that have absolutely been nailing trades with I’m gon na show you one of the setups that I had on xrp when I was really in Dubai alright however what I wish to do is discover a location where I have a freshly developed uptrend first thing that I want to do is determine my wave count alright so if this is our start
first pullback is 2 biggest waves up to 3 pullback is four and after that the high is five and the way we can try to find the top of 5 is by using a Fibonacci projection off of our one wave so if this is our one value I’m gon na click here click back here and then discover my aspect of one and you can see the price action sort of Consolidated right along this level if we take a Fibonacci retracement off of this level and increase to the high of one if our cost action boils down through